Groundstar Resources Limited Annual General Meeting
January 15 2014 - 2:34PM
Access Wire
CALGARY, January 15,
2014; Groundstar Resources Limited. ("Groundstar", "the "Company",
"we", "us", or "our") (TSXV: GSA US: GRDSF
symbol) is pleased to announce
that at its recently held Annual General and Special
Meeting of Shareholders, Tyron Pfeifer, Chad Dust, Dale Hammons,
Murray Stodalka and Shabir Premji were elected as directors of the
Company. Shareholders also approved the appointment of Deloitte and
Touche LLP, Chartered Accountants, as auditors of the Company,
reapproved the Company's rolling Stock Option Plan, as required by
TSX Venture Exchange ("TSXV") policies, and
ratified a new Bylaw Number 1 of the company.
About Groundstar
Resources Limited
Incorporated
in 1968, Groundstar Resources Limited is a diversified publicly
traded oil and gas company with oil production and exposure to 7.3
million gross acres of resource assets. The Company is actively
growing a portfolio targeting producing oil and gas assets with
development opportunities and exploration upside. The Company's
current portfolio of assets provides both near term and longer term
potential. Groundstar is quoted and trades under the ticker symbol
"GSA" in Canada and "GRDSF" in the United States.
This news release
does not constitute an offer to sell or solicitation of an offer to
sell any of the securities in the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This press release may
contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts,
projections, guidance or other similar statements that are not
statements of fact. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it can give
no assurance that such expectations will prove to be correct. These
statements are subject to certain risks and uncertainties and may
be based on assumptions that could cause actual results to differ
materially from those anticipated or implied in the
forward-looking statements. These risks include, but
are not limited to: the risks associated with the oil and gas
industry (e.g. operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses and health, safety and
environmental risks), commodity price and exchange rate fluctuation
and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or
capital expenditures. The Company's forward-looking statements are expressly qualified in
their entirety by this cautionary statement. The
forward-looking statements contained in this press
release are made as of the date hereof and the Company undertakes
no obligations to update publicly or revise any
forward-looking statements or information, whether as
a result of new information, future events or otherwise, unless so
required by applicable securities laws.
Contact
Information:
Groundstar Resources Limited
www.groundstarresources.com
Suite 2300, 144 4th Avenue SW
Calgary, Alberta T2P 3N4
Chad Dust
403.608.6505 or 403.265.2549
Tyron Pfeifer
403.614.9902
NOT FOR DISTRIBUTION TO THE U.S.A. NEWS
WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.
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